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Tale of the Tape

Zacks Equity Research

Is This the Top for Forum Energy Technologies Inc. (FET)
October 14, 2013

FET

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Forum Energy Technologies Inc. (FET - Snapshot Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because FET is now in overbought territory with an RSI value of 71.2. Furthermore, estimates for the Forum Energy Technologies Inc. have been coming down, pushing it to Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.